Wedoany.com Report on Mar 17th, In 2026, CCL Industries Inc. announced the signing of an agreement to acquire Sleever International SA and its related companies for $151 million, marking its second significant acquisition of the year. Headquartered near Paris, France, Sleever operates 11 manufacturing facilities across eight countries, including Canada, Germany, and Brazil. The company specializes in providing shrink sleeve labels, application equipment, and decoration services for the consumer goods packaging and healthcare sectors.
The acquisition consideration includes cash and the assumption of net debt, with net tangible assets accounting for approximately 90% of the purchase price. Sleever achieved sales of approximately $213 million in 2025, with an adjusted EBITDA margin of 11.1%. The transaction is expected to close in mid-2026, subject to customary procedures such as consultation with French works councils. This acquisition aims to integrate both companies' sleeve labeling product lines, with combined sales for 2025 projected to reach $700 million.
Geoffrey T. Martin, President and CEO of CCL Industries, stated: "We are pleased to merge our product lines to drive innovation and cost savings. Sleever's founder, Eric Fresnel, will continue to be involved as a consultant, and we welcome its 900 employees." Sleever's expertise will complement CCL's existing product portfolio and support its global expansion strategy.
In January 2026, CCL also acquired Advanced Safety Technologies B.V. (ALT), a company that produces covers and labels for automotive airbags, with operations in the Netherlands, Romania, and other locations. Its sales over the past 12 months were approximately $67 million. Martin noted that this acquisition will help CCL Design establish a new automotive safety business division.
CCL recently announced its 2025 financial results, with fourth-quarter sales increasing by 3.5% to $1.8762 billion. Full-year adjusted Class B earnings per share reached $4.64, a year-on-year increase of 7.4%. Through innovation and strategic investments, the company maintains growth momentum in the specialty label and packaging market. Its 2026 capital expenditure budget is $470 million, allocated for technology upgrades and capacity expansion.
